Affordable Robotics and Automation Pvt. Ltd. (ARAPL), the leading Turnkey Automation Solution provider, announced the appointment of Shailesh Pandit as an Independent Director to the board. This strategic move not only enriches ARAPL’s leadership with Pandit’s extensive experience but also emphasizes the company’s commitment to corporate governance and investor confidence, a statement said. Shailesh Pandit,…
o9 Solutions, a leading AI powered software platform used by global manufacturers and retailers to plan their supply chains, announced that it will immediately be starting o9 Hyderabad, expanding its already-large operations in India. The Company also announced that in partnership and collaboration with the Telangana government, it will develop a specialized “Supply Chain Skills…
Adtech major Brightcom Group announced that Suresh Reddy has resigned from the role of Chairman and Managing Director and Narayana Raju has resigned from the role of Chief Financial Officer of the company, with effect from August 27, 2023. According to the company’s exchange filing, “In just concluded Meeting of the Board Directors of the…
Quick-commerce startup Zepto has raised $200 million funding at a $1.4 billion valuation, according to moneycontrol report. The Series E round was led by the StepStone Group, a US asset management firm, and included Goodwater Capital and some existing investors. Zepto’s valuation jumped from $900 million in May 2022. The funding is of particular importance…
In a strategic move to bolster its presence in the Electric Vehicle (EV) segment, Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, announced to acquire controlling stake in Tirex Transmission Pvt Limited for ~ INR 103 Crores subject to the completion of definitive agreements and the satisfaction of predetermined closing conditions. This is…
CSB Bank Limited, formerly known as The Catholic Syrian Bank, announced the appointment of Punit Saruparia as Head – Internal Audit and Alok Singh as Head – Treasury, with effect from August 28, 2023. According to the bank’s exchange filing, “the Board of Directors of the Bank in their meeting held today, i.e., on August 26,…
AArete, a global management and technology consulting firm, announced that Forbes has named the company among the World’s Best Management Consulting Firms 2023. In Forbes’ inaugural 2022 list, AArete was awarded in the Healthcare & Life Sciences category. AArete has been recognized in the Public & Social Sector in 2023, based on recommendations from clients and senior executives at other…
Illumio, Inc., the Zero Trust Segmentation company, announced the appointment of L. David Kingsley as Chief People Officer (CPO). In this role, Kingsley is responsible for overseeing all aspects of the company’s human resources, leading culture and talent strategy, and fostering employee engagement. He reports to Andrew Rubin, CEO and co-founder of Illumio. “Illumio’s rapid…
Comviva, the global leader in customer experience and data monetization solutions, announced that it has been conferred with Frost & Sullivan’s ‘Digital Marketing Company of the Year‘ award for the Asia-Pacific region. Each year, Frost & Sullivan presents a ‘Company of the Year’ award to the organization that demonstrates pathbreaking technology excellence and customer centricity. The award recognizes technology innovation and the…
Indus Towers Limited, India’s largest telecom tower company, announced that Vinod Sivarama Krishnan has resigned from the role of Chief Information Officer of the company, with effect from September 30, 2023. According to the company’s exchange filing, “Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we hereby inform you that Mr.…
Shaadi.com, India’s no. 1 matchmaking platform announces the opening of its new office in Pune, from August 2023. This significant step heralds a fresh chapter for the company, setting the stage for a broader nationwide presence. With Maharashtra being one of the important markets for the Shaadi.com, this move will fortify its presence in the state. The…
Global investment firm KKR and PAG, a leading alternative investment firm focused on Asia Pacific, announced the signing of definitive agreements under which PAG will acquire KKR’s controlling interest in Australian Venue Co (“AVC”). Financial terms of the transaction were not disclosed. AVC is an established food and beverage hospitality business that owns and operates…
Shoppers Stop Limited announced the promotion of Kavindra Mishra, Chief Commercial Officer and CEO Homestop, as its Executive Director & CEO, subsequent to the resignation of its Managing Director & CEO, Venu Nair. Before joining Shoppers Stop as Chief Commercial Officer and CEO of Homestop, Kavindra Mishra (Kavi) was working as the Managing Director and…
The Board and management of Syrma SGS Technology Limited, a electronic design and manufacturing company (Syrma SGS), announced Satendra Singh as CEO of the Company. He will report directly to Managing Director, Jasbir Singh Gujral, as he joins the management team at Syrma SGS to contribute and further enhance the growth journey. Satendra will join…
Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is…